Global Fluted Polypropylene Sheets Market Share Likely to Grow at a CAGR of 4.6% By 2030

According to Custom Market Insights (CMI), The Global Fluted Polypropylene Sheets Market was estimated at USD 78.2 billion in 2021 and is expected to reach USD 122 billion by 2030 with a significant CAGR rate of 4.6% during the forecast period of 2022-2030. Fluted polypropylene is a lightweight but stiff material that is used as a material to construct a package box, printing plate, cushion plate, billboard, etc. The package box, made of such sheets, is a high-demand product with a 30-40% consumption rate.

The extensive properties, such as reliability, stiffness, ability to retain pressure, lightweight, etc., have led to high demand and production of packages made of fluted polypropylene sheets. Polypropylene is the main raw material that is used in the construction of such products. As there are abundant raw materials present, the manufacturing process has increased all over the world.

Browse the full “Fluted Polypropylene Sheets Market Size, Trends, and Insights By Product Type (General type, Functional type, Other), By Application (Package box, Cushion box, Printing plate & billboard, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share Outlook, and Forecast 2022–2030” report at ReportURL.

Fluted polypropylene sheets market Dynamics

Drivers

An increase in industry demand drives the market growth for fluted polypropylene sheets.

The increase in industrialization and the demand for a sustainable living have led to the rise in demand for polypropylene sheets in end-use industries such as packaging, automotive, and construction industries, replacing the use of plastics and chemicals as per the environmental concern, which has propelled the fluted polypropylene sheet market across the world.

The growing popularity of lightweight and reliable polypropylene sheets among customers

 Its extensive properties, such as retaining capacity, durability, etc., support the market growth. The material has excellent resistance to moisture and extreme climatic conditions, making it more reliable and authentic; these materials have high demand in the healthcare and construction industries. Its other ability includes customization based on the size, length, color, etc., which drives the huge customer base towards the market.

Improvised manufacturing & production capacity as well as R&D costs

The recent initiatives to enhance the production rate and the improved R&D costs and production and maintenance facilities are expected to drive market growth in the forecast period. Integrating machine learning, blockchain, and the internet of things (IoT) is expected to enhance work efficiency and increase production, leading to market growth. The rise in chemical industries leading to the production of polymers and bio-based plastics is also responsible for market revenue generation.

Restraints 

Certain factors like the deep penetration of the alternative products, high production cost, and the increasing emergence of substitutes might restrain the fluted polypropylene sheet demand hampering its market growth. The lack of proper R&D facilities and the complexities in the manufacturing and production processes can hamper market growth.

Developing countries have to face issues regarding the plastic industries due to U.V. ray penetrance and degradation, and the lack of proper management facilities can hamper the market growth across such areas. The stringent government policies and unsuitable usage due to the restricted areas are also supposed to hamper the market growth related to the particular region.

Opportunities

The emergence of 3D printing technology has revolutionized materials production and the improvisations in R&D costs, creating ample opportunities for the fluted polypropylene sheet market during the forecast period. In addition, the improvised recycling technologies leading to the concern in plastic recycling will create lucrative opportunities for emerging companies in the fluted polypropylene sheets market.

Challenges 

There has been an increasing emergence of alternative materials due to the high production and maintenance cost of fluted polypropylene sheets. Such factors may be challenging for market growth.

Market Highlight 

Based on the product type, the functional type has dominated the market in 2021 and is expected to maintain its position during the forecast period due to increased adoption and multi-usability among consumers. A densely fluted design creates a thick and stiff layer that makes tough packaging containers, which boosts the market growth for the functional type segment.

Based on an application, the package box segment has dominated the market in 2021 and is expected to grow at a significant CAGR rate during the forecast period. The packaged box is widely utilized in the market due to its high reliability and the ability to remain stiff under pressure. The other features of the fluted polypropylene boxes are their strength, conductive surface, durability, etc.

Regional Snapshots

As per the geographical distribution, the North American region dominated the fluted polypropylene sheets market in 2021. The market size was estimated at USD 947.9 million. The market is expected to expand further with a significant CAGR during the forecast period.

The market’s growth across such regions can be attributed to the emergence of large-scale producers of polypropylene sheets, high disposable income, and rapid increment in the packaging industries. Organizations like EPA and FDA have implemented various regulatory policies, which led to the rise in the packaging industries, increasing the production rate. Moreover, the rapid shift towards sustainability related to the product life-cycle has led to the growth of the market for fluted polypropylene sheets.

Report Scope

Key Players 

• Inteplast Group
• Corex Plastics
• Primex Plastics
• Distriplast
• Sangeeta Group
• KARTON S.p.A
• A&C Plastics
• Northern Ireland Plastics
• Yamakoh
• Tianfule Plastic
• TAH HSIN
• Zibo Kelida Plastic
• Huaheng Plastic

Recent developments

• In 2017, one of the leading polypropylene sheet companies, Distriplast, announced the implementation of a new polypropylene granulation line of polypropylene sheets. Almost 12% of the energy is expected to be saved compared to the previous installation.
• In June 2022, the Primex Plastics Corporation announced the associated facility in Reedsburg, WI, which has become the primary supplier listed under The Sustainable Green Printing Partnership (SGP). Primax Reedsburg has been a long-time supplier of printable plastics since 1986, which greatly supports the SGP initiative.

Market segments covered in the report

By Product Type

• General type
• Functional type
• Other

By Application

• Package box
• Cushion box
• Printing plate & billboard
• Others

By Region

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America